PulteGroup Q2 EPS rises 19% to $3.83 as home sale revenues increase 10%
PulteGroup reported second quarter 2024 net income of $809 million, or $3.83 per diluted share, up from $3.21 a year earlier, on home sale revenues of $4.4 billion, up 10%. The results were helped by higher closings, a higher average sales price and a 30 basis point gain in homebuilding gross margin, and they include a $52 million pre-tax insurance benefit.
Key points
- Net income was $809 million versus $720 million in the second quarter of 2023; the quarter included a $52 million pre-tax insurance benefit ($0.19 per share).
- Closings rose 8% to 8,097 homes, and the average sales price rose 2% to $549,000.
- Homebuilding gross margin was 29.9%, up 30 basis points from both a year earlier and the first quarter of 2024.
- The company repurchased $314 million of common shares and completed a $300 million tender offer for senior notes in the quarter.
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 23, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.